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Personal tax: This is what the common man wants!


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Ravi krishnan
Lagaan!
by Ravi krishnan on Feb 25, 2011 02:40 PM  | Hide replies

In the movie lagaan it has been shown that the britishers levied a tax of 45% on the people. There was a huge outcry and the dandi march was also on account of Lagaan on salt. Now, for every ruppee that one earns, the Lagaan is 63p!Why are we accepting this now?

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Mac
Re: Lagaan!
by Mac on Feb 25, 2011 02:58 PM
Indians are born slaves. First they slaved British now Congress Govt.

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PO
And
by PO on Feb 25, 2011 12:32 PM  | Hide replies

1. Minimize income tax.
2. Maximize wealth tax.
3. Impose tax on idle cash.


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Ravi krishnan
Re: And
by Ravi krishnan on Feb 25, 2011 02:37 PM
when you minimize income tax your wealth will build up. So you will pay the increased wealth tax which will be much more than the rebate you initially got. What is idle cash? one works hard to earn and save his money probably in a bank. Why should one pay tax on the money saved for which income tax has been already paid?

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Ravi krishnan
Re: And
by Ravi krishnan on Feb 25, 2011 02:37 PM
when you minimize income tax your wealth will build up. So you will pay the increased wealth tax which will be much more than the rebate you initially got. What is idle cash? one works hard to earn and save his money probably in a bank. Why should one pay tax on the money saved for which income tax has been already paid?

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doc
Re: And
by doc on Feb 25, 2011 07:39 PM
you might have good intention but has no practical sense. some wealth is difficult to measure like stocks, some are subjective like business assets while the most favored destination of black money gold and real estate are most easily undervalue. so what good you think increased wealth tax would do?

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charlie brown
Re: And
by charlie brown on Feb 25, 2011 02:34 PM
Income tax rebates applicable even to Christian/Muslim undivided families

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Sonu A
Re: And
by Sonu A on Feb 25, 2011 03:04 PM
Please immediately see a doctor, you are outta your m!nd.

When one has already paid tax on "income" why one needs to pay tax again on idle money (which could have been saved for retirement).

are you following logic like MMS?



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lovedayredif
Re: And
by lovedayredif on Feb 26, 2011 07:44 AM
why are you bothered, in any case SC/ST, BC, Muslims & converts like never pay taxes

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veryharsh
A new concept - please let me know if yo agree.
by veryharsh on Feb 25, 2011 12:29 PM  | Hide replies

India should introduce a big change in the way we choose polititions.
1. Unless you are a corporator in local corporation for 2 immediate tenures (10 years) you can not be eligible for MLA elections
2. Unless you are MLA for 2 immediate tenures (10 years) you can not be eligible for the elections of MP.
3. While consodering applications of candidates, they should be strictly judged on the basis of point system. This point system should be developed to measure his performance as a corporator, MLA or MP. If certain points are not obtained, his application should be discarded.
4. This point system should be based on how he has utilized his funds for development in his area. Every activity and the responsibility he is responsible for should be provided with points and at the end of his tenure, it should be measured how much he has scored.
5. Un-exposed public representatives will measure the candidates success at the end of tenure.

Benefits
1. This will control number of candidates standing for on seat. Will save lot of money outflow.
2. Voters can make out who is effective-non effective
3. Polititions has to concentrate on core development to climb the ladder
4. Public will have control over politics
5. Then and then only it will be a democracy.

Please express your views.

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Rajendran Kannan
Re: A new concept - please let me know if yo agree.
by Rajendran Kannan on Feb 25, 2011 12:44 PM
Agreed.

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bigben bigben
Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:48 AM
Silly idea, even though good-intentioned.

You say: "5. Un-exposed public representatives will measure the candidates success at the end of tenure."
But who will select the "un-exposed public representatives"? Who will monitor them? They will get bribed and corrupt and become "exposed".

Also your idea ensures that only people who treat politics as a career can get elected - 2 terms 2 terms = 20years before becoming MP.
It means ordinary and good people like APJ Abdul Kalam, Murthy & Nilekani of Infosys, Premji of Wipro, etc can never become MPs and leaders. That will be a big deterrent to good people coming in politics.

On the contrary, we should have limits of 2 terms and the term length should be reduced to 4 years. Definitely for PM, CM, this limit should be introduced.

And for MPs/MLAs the limit should be 4 terms. No one should remain in politics for longer than 20 years (in all forms of politics - from panchayat to PM). Otherwise it will become their careers and they will treat it as income making job rather than being servants of people.

Once their term ends, they should go back and earn a living like the rest of the citizens.


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Anil Joshi
Re: A new concept - please let me know if yo agree.
by Anil Joshi on Feb 25, 2011 12:42 PM
Well I am sure you are in managerial position in some company and view society .. democracy with your narrow vision.

Politics is much more complex animal and cannot be tamed in "point" system. Which to me is very very naive view of looking at politics and leadership.

System / Policies / Laws that govern our system so focus on two things
Empowering Individuals .. through education

Transparency in public dealing ....



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veryharsh
Re: Re: A new concept - please let me know if yo agree.
by veryharsh on Feb 25, 2011 12:51 PM
Mr. Anil, Do you think in last 63 years, efforts towards Empowering Individuals through education is made. The ruling party of india had same agenda for 63 years and we as fools are electing the same party. If you have a broader mind to think, why cant we creat a point system based on the objective which are similar to what you suggested. This is just a thought process, the maturity of this system should be evolved based of a huge thought process. My concern is, rather than oppose why not think is positive direction. I guess this is the victory of Congress "Two people should not be agree on any single point". This is where the common man has lost the battle and Congi has won by dividing us successfully. This shows clear immaturity of common man towards national issues.


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sorisasta
Re: Re: Re: A new concept - please let me know if yo agree.
by sorisasta on Feb 25, 2011 02:59 PM
veryharsh sir,
don't tske his comments personally.His view is also valid.

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bigben bigben
Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:49 AM
Silly idea, even though good-intentioned.

You say: "5. Un-exposed public representatives will measure the candidates success at the end of tenure."
But who will select the "un-exposed public representatives"? Who will monitor them? They will get bribed and corrupt and become "exposed".

Also your idea ensures that only people who treat politics as a career can get elected - 2 terms 2 terms = 20years before becoming MP.
It means ordinary and good people like APJ Abdul Kalam, Murthy & Nilekani of Infosys, Premji of Wipro, etc can never become MPs and leaders. That will be a big deterrent to good people coming in politics.

On the contrary, we should have limits of 2 terms and the term length should be reduced to 4 years. Definitely for PM, CM, this limit should be introduced.

And for MPs/MLAs the limit should be 4 terms. No one should remain in politics for longer than 20 years (in all forms of politics - from panchayat to PM). Otherwise it will become their careers and they will treat it as income making job rather than being servants of people.

Once their term ends, they should go back and earn a living like the rest of the citizens.


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Nilesh Rawat
Re: A new concept - please let me know if yo agree.
by Nilesh Rawat on Feb 25, 2011 09:15 PM
Excellent thought. Very well said.

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Tom Dick
Re: A new concept - please let me know if yo agree.
by Tom Dick on Feb 25, 2011 07:44 PM
Like this ide of point system. High time for change. Reps elected for each position should explain how successful they are in getting things done for his/her constituency. On that basis they should be counted.

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bigben bigben
Re: Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:51 AM
Who will give the points? How will you monitor that those giving points are not corrupt?

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bigben bigben
Re: Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:50 AM
Who will give the points? How will you monitor that those giving points are not corrupt?

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bigben bigben
Re: Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:51 AM
Who will give the points? How will you monitor that those giving points are not corrupt?

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bigben bigben
Re: A new concept - please let me know if yo agree.
by bigben bigben on Feb 26, 2011 09:49 AM
Silly idea, even though good-intentioned.

You say: "5. Un-exposed public representatives will measure the candidates success at the end of tenure."
But who will select the "un-exposed public representatives"? Who will monitor them? They will get bribed and corrupt and become "exposed".

Also your idea ensures that only people who treat politics as a career can get elected - 2 terms 2 terms = 20years before becoming MP.
It means ordinary and good people like APJ Abdul Kalam, Murthy & Nilekani of Infosys, Premji of Wipro, etc can never become MPs and leaders. That will be a big deterrent to good people coming in politics.

On the contrary, we should have limits of 2 terms and the term length should be reduced to 4 years. Definitely for PM, CM, this limit should be introduced.

And for MPs/MLAs the limit should be 4 terms. No one should remain in politics for longer than 20 years (in all forms of politics - from panchayat to PM). Otherwise it will become their careers and they will treat it as income making job rather than being servants of people.

Once their term ends, they should go back and earn a living like the rest of the citizens.


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veryharsh
What india needs badly?
by veryharsh on Feb 25, 2011 12:16 PM

India badly needs a single taxation. Either at the source of income or at the point of expense. This multi-source taxation is making common man's life miserable day-by-day and at the ned of the year he pays 30% to 45% his income towards multiple sources of taxes. This needs to be stopped immediately. But this seems to be a too faaaaaaaaaaaaaaaaaaar dream as till we are choosing curropt polititions we cant expect the change.

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Kanailal Chakraborty
POST OFFICE MIS - RATE SHOULD BE INCREASED
by Kanailal Chakraborty on Feb 25, 2011 12:06 PM  | Hide replies

The present interest rate is abismally low, it should be hiked to at least 9% and Sr.Citizen 10% as well as Bonus should be 10% instead of 5%. It is very necessary for the retired persons and also others those earning is depending upon of this amount. PM & FM may please think about this and implement the same in your Budget 2011-12.

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Sonu A
Re: POST OFFICE MIS - RATE SHOULD BE INCREASED
by Sonu A on Feb 25, 2011 03:08 PM
khopad!ya sat@k gayeli hai kya? we are already paying so much tax with no expectation in return.

and you wanna suggest an increase in tax percentage..

if something should be increased it should be number of tax payers.. from current 2% of population to 40% atleast.

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narayan tiwari
Tax
by narayan tiwari on Feb 25, 2011 11:56 AM  | Hide replies

Common man wants this Congress govt to go!! which has been cheating people for last 60 years.
Take oath and educate uneducated people that
NOT TO VOTE FOR CONGRESS OR ITS ALLIES

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Kanailal Chakraborty
Re: Tax
by Kanailal Chakraborty on Feb 25, 2011 12:11 PM
Is there is any political party in India those who can replace Congress. BJP was better at the time of Mr.Bajpayee but their present collusion is not suitable to the Indian public. Our assumption is that Dr.Singh is the best Prime Minister at present and he has promised that no corruption in future to be made and if made, acute punishment may be done.

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Sonu A
Re: Re: Tax
by Sonu A on Feb 25, 2011 03:10 PM
You still believe MMS? where do you get so much patience man?

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raj
Is it true %age of people paying income tax in India less than 1%
by raj on Feb 25, 2011 11:18 AM  | Hide replies

Is it true %age of people paying income tax in India less than 1%.
I heard this news came out in the Jan 20 or 21st issue of the Hindu. Apparently, percentage of people paying income tax in India is 0.8% of the total population. This is because 70% of the population are in agriculture and they don't pay tax. And rest all 29% Indians show there annual income below tax lemit and rest show themself to below the poverty line. Based on this fact, the Government is thinking of abolishing Income Tax altogether because it costs more to collect income tax than what is earned from that.

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Moderator
Re: Is it true %age of people paying income tax in India less tha
by Moderator on Feb 25, 2011 11:59 AM
Idi0t. you keep repeating the same thing almost a week without knowing fact. Do you know raising the income tax exemption to 1.75 lakhs( at present its at 1.60) itself would cause a deficit Rs. 4500 Crores. Then imagine( if you have a brain) what would be the cause if IT itself is abolished.
Get educated dude.


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M
Budget is HOAX to Carry-forward the LOOT
by M on Feb 25, 2011 10:45 AM

Each year Handful of Politico-Bureaucrat-Mafia NEXUS loot More than Rs.10-THOUSAND-CRORES and put in Foreign-Banks with all Govt. knowledge and indirect-consent and what they are talking about UNION-BUDGET like petty things;which runs only in four-figure-crores of Rupees .....MASSES of this Country know it all...for whom the Govmt. is functioning ....rest all are to HOODWINK the gullible-masses so that they can be LOOTED more for generations.

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